A currency swap refers to the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates.
A purchase is when a person makes a purchase or acquires possession of a product. A price must be paid in order to purchase an item. A television, a house, a car, or even some shampoo can be the purchased object.
The synchronous purchasing and selling of a specific amount of cash for multiple opposite value dates are referred to as a currency swap. A currency swap happens when one person takes the currency of another nation.
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